THV System Trades & Patterns Thread

Hi. Cool. Thanks for the message.

Lets wait and see..

My thread,

so no ONE can delete it so easy. Posted that on the €/$ thread at the moment.. How poor..

Hey Guys,
after some analysing my last weeks trades i wanted to share some charts with my considerations.

Trade from 1. Aug:

+8,7 Pips

Entry:
1. Bounce of 5m Coral
2. MTF shows 4 red lights
3. 15m bearcrossed (cant see that in chart. i swap TF in analyse chart an make some notes on the button right)
4. 5m Trix changed color to red
5. 1m Coral broke



Exit:
1. PA choped around MS2
2. I decided to exit when 1m candle closes above MS2 or 5m fTrix goes green

another trade

2nd August:

-12,3 Pips

1. 5m showed Beardivergence
2. 15m Trix was Overbought and RSI was close under Overbought
3. 1m fTrix went red again



Exit:
When i realised that price runs against my trade it was very fast and hit SL



I think my mistake was that my fingers where too fast. I should have waited the close of one 1m candle at least. then i would have seen the 1m HA Candles with ver long wicks. Long wicks with the combination of the R1 should have given me the signs to keep out of this trade.

more advises are welcome

THV or not, this two simple trend lines done a great job for me last weeks..

Lets see, what the new week brings..

ps. also see..

http://www.forexfactory.com/showthre...82#post6801282

For the Archives..

http://www.forexfactory.com/showthre...00#post5813800

hi Toranaga,
yes its the correct file for what we want.
the other is more for newbies with stupid questions most of time.

So, by M1, i think the cobra system advices 3 TP levels. and its more powerfull to my experience

I only use CCI 34 in addition, its far enough

FOr H1 and H4, im very curious if you can share al lthe curencies you take? all?? and your score about for a month.

I understand your way, its smart. big lot on M1 for few pips. and less lot for higher H1 and H4. what SL you use for longer frame?

today, 2 big win on eur jpy M5, also looked for M1, 2 times 50 points!

have you traded today EUR JPY on M1?

for the signals you use on M1, i still dont uderstand if you have specific filters in addition.

For the Archives..

http://www.forexfactory.com/showthre...36#post6979336

Ufff.. Ok. D1/H4 Pairs.

Mostly: Gbp/Usd, Aud/Usd, Usd/Jpy, Gbp/Aud Eur/Usd, Aud/Jpy, Eur/Aud. Gbp/Cad, Xag/Usd

And sometimes: Usd/Chf, Aud/Nzd, Nzd/Jpy, Gbp/Chf, Gbp/Nzd, Eur/Nzd

But i check the correlation between pairs,
so if im long in Gbp/Usd D1 and this Pair has a positive 80% D1 correlation with Pair XY i wont trade the XY Pair
till im long with Gbp/Usd.

Cant tell you the monthly score for long term trades, because the account is mixed with all kind of trades.


Ive done hardcore scalping for long time and paused a little in the last months.
It is much more relaxed to check the Pairs in the morning and the evening, and one time between and let the Price hit you target. (Or SL)

But i think i could start again with some M5 trading, if this here develops, but dont like €/Y much, i dont know why.

Gbp/Usd is starting to get my preferred Pair, equal wich Timeframe


Trix, CCI and Experimenting a little with MML (Murrey Math Lines) but that was it.

But i agree, lets focus here on M5 Gbp/Usd and a another Pair.

hi toranaga!
nice days again on pips on the majors gbd usd, eur jpy, and others with gbd

i trade also Gbp/Usd, Aud/Usd, , Gbp/Aud Eur/Usd, Aud/Jpy, Eur/Aud. Gbp/Cad,
on M5, and i study also M1, it needs concetration but its quite easy make 100 pips a day if you take kets say 3 or 4 max with SL 10 for M1 and 20 for M5

what brooker do you have? maybe you have better spread than mine? i ve 1.5 for eur jpy and 0.9 for gbd usd (cmc markets)

its very interesting the idea on H1

My experience and research make me think its more easier to entry and make money on H1.
but maybe you can tell you see its different?

to my view, AUD JPY is interesting for H4.
all others great for H1

Now the big question can you share with us your MML template or indicator?
how do you mix wit hte trix?

to my view, a good CCI is enough with the trix, but you seem more experienced than me, so im sure you can get even more fitlers

For H1? what stop you use? i look around 50 pips maximum and want a ratio 2 or 3.
i use 2 TP or 3 TP because if BE, at least you make little money.
this 3TP levels is given by cobra on THV and its very smart

I would not say 100 pips a day is impossible but nearly, plus its unnecessary to try that and it boosts your risk too too much. You have to take more signals to achieve that, instead to wait for one or at most 2 "sure" signals per day. And it burns you out. Scalping at this level is a high performance job. Dont need that. I love trading and want to chill while doing that and not to freak out.

I use Dukascopy for scalping. Lightning fast execution. For example the €/$ spread is from 0.2 - 0.8 mostly. Plus commission, its graduated, you can lower it f you have a lot of volume.. Have to have a look for the spreads of the other pairs.


Thats why i moved from M1 scalping to H4/D1. H1 trading is the same but had to decide for one.
Cant follow all Tf in all Pairs. But thinking about to wide the Timeframes and lowed the Pairs..

i have no problem to share the MML indi. We talked here about, few pages back..
At the moment i try to educate myself about it. It is very powerful if you know how to use it.

Have a look here.. Having a math degree wouldn be bad.. he he

http://www.foretrade.com/MM_description.htm


But ass usual a great tool needs a lot of understanding to have the right setup..


As i wrote, i scalp M1, now will try M5 and trade long term H4/D1.

Postponed H1 trading till now, but you 'forced' me now
I use the THV Ifno Atr 20 for the roughly SL.

Then i adjust it, depending of the MML lines, Pivots, Timeframe Candle before and after the timeframe candle i trade and
amount of lot and risk im into the trade.. But the criterion is the ATR 20 + -

One advice, if i may.. (for all who think about scalping)

When i started Forex scalping i have done 50 or more trades per day..

If you can do a trade within seconds, in and out in 15 seconds
it does not mean you have to do that all the day..

It needs only one per day or better say 2 or 3 per week and its enough..

10 or 15 pips and its done.

100 pips per day is madness that will break you even if you are successful and manage it to do that..

In my opinion, a successful trader is like a successful hunter.

I was on hunt. Not a battue, a usual. Mostly you have to wait for hours only for a single shot. And then it counts.

The same is with scalping. You have to wait for the signal the whole day,
and then shot and earn 11 pips with 2 lots and its over to this day..

For those who think thats boring, yes it is (sometimes), but better than working in a factory or road construction..
Sitting at home, watching Tv, cooking or doing .. and waiting for the Signal.. ive done worser things in my life..



Think about whats better (easier)

10 pips per day with a 2 Lots trade or 100 pips per day with 0.02 Lot per trade ?

Thats the reason why rich people get wealthier and wealthier while the rest stays where they are..

They are not smarter they only minimize the risk in their investments..

hi toranaga, i appreciate communicate with you. as you do homework and keep humble. lot people here dont do their homework and just want the system without working themsleves. i dont like these people

i think 100 pips is a maximum but average 60 pips is quite easy to do even on M5 or on M1. with 2 to 4 currencies on the same time you have to manage and not confuse yourself however! this need a little skill.

I uderstand your way, you expect 15 pips day and take only the signals which have the most chances. but in tis case, what is your SL exactly?? and so when you get 15 pips you consider you have finished your day trading, right?
its interesting idea, but this would need a ratio of 90% win to my view. but its my opinion only. why not, it can work well.
my opinion is more about 60 to 100 pips a day with lowest lots. but we can achieve the same results, it true.

friday no very good day on eur jpy however was able to give about 50 pips (i let the M1 entry on the graph, so there are more entry with small profits but giuve also the same resutls.

of course you have to accept close a trade with only 5 pips when the trend is reversal and take fast profit one around 10 to 15 . its a work. and sometimes take 5 pips loss and another reversal you are stopped at 20 and have to wait.


questions for you:

you use only one TP? reconsiderated with 2 or 3 TP even on higher frame, never close last trades too early , wait the cloud reverse. lot of time , this give the best pips. but of course its not guarante you will have this perfect trade. it happens about 1 trade out of 4. i v seen some trade for 50 pips or more on scalping and even 500 pips on H4

explain more how you trade on H1, ok? give us a file.

for me, this system thv works on all frames excpet M15 and M30. just follow the rule. its smart to combinate scalping with H1 and H4, yes im sure. also make the risk diversification.

NOW, for the H1, i think we can help each other in the best way to do. i can tell you by experience i use H1, its very important use 2 or 3 TP and a ratio about 1/2, 1/3 to up to 1/6 (if the trend go always good with the cloud) expected. i use SL around 40 to 50 pips, no more on H1 and so i expect the ratio on each TP

this is more relaxing job, need more margin however. and my result were given me about 25% return month on some curencies with a worth D around 15%, with 4% risk capital on each trade. but i dont give my result like this, i will do in private with you. because the rule is to share with people who work.
However, the one who wants to work and kee writing for some weks here for some researches and share the files as i do and toranaga do, with calculation, are of course welcome. but i know by experience on forex mentality, its probably only one people will do or maybe none.

the advantage of H1 is that is more relaxing to follow and ave more free time

I apologize for not posting so frequent at the moment here.
I would wish the day has 48 hours.

The coming weekend i will have more time,
maybe also tomorrow so i can answer more detailed to you last post.

YOU answer when you can...
according to the scalp m1 system, CCI double is 34 and 170, however i configurate 34 and 134.
everybody has to compare on M5 and M1 with it, with the normal THV rules, and see themselves the results.
thats the work to do.

for MML, it can be great also.
when you have a look at all indicators on MT4, which one are really usefull? you must think about it.

if you understand the philosophy of the THV, you can achieve strong results. and accept also some days ranging dont give a lot pips but generally no loose its so rare
statitiscs will show here, we can and should do a little review each day traded. maybe by MP to check the motivation of the new on the forums, as everybody has to work

have all good day, and keep safe in trading.

Still busy? I've been very busy the past few weeks, huge project at work...

Still trading though

AUDUSD and EURAUD showing some action tonight




PS: THE best indicator to combine with THV is hands down Ichimoku...especially the multi-timeframe kumo cloud. I trade from H1 charts now but I can see the H4 and daily kumo clouds. This gives me perfect entry exit levels.

Hello, Ninja
I see you're actively contributing Hiatus thread. It seems you have become a very successful trader. Congratulations ! ​
My learning curve is a bit lagging but I also have made some progress, still not profitable enough though.
I will try Ichimoku when I find time.
Thank you for your tips and have a good day.

Is the MTF worth it? I like Misspips idea of M1 entrys while using M5 and M15 as confirmation.

Yes, definitely worth it. The strongest moves seem to happen when multiple Ichimoku clouds "match up".